Reuters - The Dow and S&P 500 closed the week with their seventh gain in eight sessions in a turnaround period for stocks that has seen investors' worst fears about the economy start to dissipate.
Reuters - Enbridge Inc said late Friday it had stopped an oil spill from its 6A pipeline, which delivers up to a third of Canada's crude oil exports to the United States, but gave no estimate on when the line might resume operations a day after it was shut down.
Reuters - The Treasury Department has selected Patricia Geoghegan to replace Kenneth Feinberg as the "pay czar" overseeing compensation at companies bailed out by the government.
AP - An Iranian news agency says Tehran has canceled the planned release of a jailed American woman because the necessary legal procedures have not been completed.
Reuters - BCE Inc, Canada's largest telecommunications company, will pay C$1.3 billion ($1.26 billion) for the country's biggest private broadcaster, in a bold gamble on the future of video over the Internet.
AFP - The International Monetary Fund on Friday announced it would provide Greece with a further 2.57 billion euro, the second installment of an economic rescue package.
AFP - Afghan President Hamid Karzai Friday used his traditional message marking the Eid Muslim holiday to call on the leader of the Taliban to stop fighting and join peace talks to end Afghanistan's long war.
AP - Colombian authorities say leftist rebels firing home-made mortars killed at least six police and wounded four in a pre-dawn attack at the country's border with Ecuador.
Time.com - After weeks of watching from the sidelines, the European Union has finally condemned France's mass expulsion of Roma migrants. But does France care?
Time.com - Foreign businesses in China are voicing growing frustration about the country's heavily regulated market -- a bureaucratic maze many say is designed deliberately to hamstring non-Chinese players to the advantage of their local competitors
AP - Pfc. Sean Provenzano saw it whiz by out of the corner of his eye: a dark object hurled from a rooftop as he patrolled the medieval maze of alleyways in this fort-like walled village at the center of America's Afghan surge.
AFP - The Champions League Twenty20 tournament got off to a thrilling and surprise start Friday with local outfit Highveld Lions of South Africa defeating star-studded Mumbai Indians by nine runs.
U.S. News & World Report - While the nation's real estate crash has been a nightmare for homeowners, it has created some outstanding opportunities for would-be buyers. Home prices in 20 major cities dropped 33 percent from the summer of 2006 to the spring of 2009--and in certain markets, the plunge was even steeper. At the same time, the federal government's efforts to revive the housing market have helped drive financing costs to record lows. Thirty-year fixed mortgage rates fell to an average of 4.32 percent for the week ending September 2. That's the lowest level in nearly 40 years of record-keeping. ...
Reuters - Google Inc's Android software will become the world's second most popular operating system for cell phones this year, leapfrogging rival offerings from Microsoft Corp, Research in Motion and Apple Inc, according to a new report.
AP - A Babylonian artifact sometimes described as the world's first human rights charter is to go on display in Iran after the government threatened to cut ties with the British Museum if it did not loan the object.
The Christian Science Monitor - Turks are preparing to vote on a package of far-reaching constitutional changes Sunday, in what has turned into a referendum on the countryâs Islamic-leaning ruling party.
AP - Far, far away from a Chilean mine where 33 trapped men struggle to cope as they await rescue, 50 Spanish miners are also deep in the earth's bowels — but by their own choice.
Reuters - Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac .
AP - The Greek government pledged Friday to radically overhaul loss-making state rail company OSE, as official data showed efforts to cut the country's bloated budget deficit remained on track, if slightly asthmatic.
AP - President Barack Obama says that if voters weigh his economic policies against those of Republicans, then "the Democrats will do very well" in November.
Reuters - Nokia has hired Stephen Elop, a Canadian Microsoft executive with Silicon Valley credentials, to replace its embattled chief executive and renew its drive to compete with Apple.
BusinessWeek - Brigham Young University's Marriott School of Management (Marriott Full-Time MBA Profile) offers students more than a rigorous business education. Students at the school, owned by the Church of Jesus Christ of Latter-day Saints, are required to abide by a strict honor code, based on the tenets of the Mormon religion. The code includes rules against academic dishonesty and requires students to "live a chaste and virtuous life." It also prohibits drugs, alcohol, and coffee -- even at home. ...
AFP - An independent Australian politician whose support was crucial to keeping Prime Minister Julia Gillard in power Friday knocked back an offer to become a minister in her minority government.
McClatchy Newspapers - WASHINGTON — Under tremendous pressure from U.S. officials all the way up to President Barack Obama, a Florida pastor on Thursday called off a Quran burning that he'd scheduled for Saturday, the anniversary of the 9/11 attacks, which had drawn international condemnation and posed a potential threat to national security.
AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.
AFP - A handful of traders who master stock markets using ultra-fast computers may soon face a clampdown by US watchdogs as they try to prevent freak electronic glitches.
OneWorld.net - NEW
YORK, Sep 7 (IRIN) - Activists are pulling out all the stops
ahead of a development summit at UN headquarters on 20-22 September.
Pro-aid and anti-poverty lobbyists are trying everything from giant
letters to banging pans to raise awareness of the high-level event.